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Southland vs Sterling Infrastructure: revenue, profit, margins and growth compared

Southland brought in $772.2M of revenue in fiscal 2025, Sterling Infrastructure $2.5B in fiscal 2025. Revenue changed by -21.2% at Southland and +17.7% at Sterling Infrastructure on the year before, so Sterling Infrastructure grew faster. Southland kept -39.7% of its revenue as net profit, Sterling Infrastructure 11.7%. Free cash flow was $12.7M at Southland and $362.7M at Sterling Infrastructure.

Side by side, latest fiscal year

SLNDSTRL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$772.2M$2.5B
Revenue growth-21.2%+17.7%
Net income-$306.5M$290.2M
Net margin-39.7%11.7%
Free cash flow$12.7M$362.7M
Free cash flow margin1.6%14.6%
Earnings per share (diluted)-$5.67$9.38
Cash$52.7M$390.7M
Debt$257.7M$291M
Price to earningsn/a54.6
Market value$35.9M$15.7B
Dividend yieldn/an/a
Rank by revenue in sector#288 of 451 · Industrials#202 of 451 · Industrials

Over the years

Revenue
SLND FY2021: $1.3BSLND FY2022: $1.2BSLND FY2023: $1.2BSLND FY2024: $980.2MSLND FY2025: $772.2MSTRL FY2018: $1BSTRL FY2019: $1.1BSTRL FY2020: $1.2BSTRL FY2021: $1.4BSTRL FY2022: $1.8BSTRL FY2023: $2BSTRL FY2024: $2.1BSTRL FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
SLND $772.2MSTRL $2.5B
Net income
SLND FY2021: $38.7MSLND FY2022: $60.5MSLND FY2023: -$19.3MSLND FY2024: -$105.4MSLND FY2025: -$306.5MSTRL FY2018: $25.2MSTRL FY2019: $39.9MSTRL FY2020: $42.3MSTRL FY2021: $62.6MSTRL FY2022: $106.5MSTRL FY2023: $138.7MSTRL FY2024: $257.5MSTRL FY2025: $290.2MFY18FY19FY20FY21FY22FY23FY24FY25
SLND -$306.5MSTRL $290.2M
Net margin
SLND FY2021: 3.0%SLND FY2022: 5.2%SLND FY2023: -1.7%SLND FY2024: -10.7%SLND FY2025: -39.7%STRL FY2018: 2.4%STRL FY2019: 3.5%STRL FY2020: 3.4%STRL FY2021: 4.4%STRL FY2022: 6.0%STRL FY2023: 7.0%STRL FY2024: 12.2%STRL FY2025: 11.7%FY18FY19FY20FY21FY22FY23FY24FY25
SLND -39.7%STRL 11.7%
Revenue growth
SLND FY2022: -9.2%SLND FY2023: -0.1%SLND FY2024: -15.5%SLND FY2025: -21.2%STRL FY2019: +8.5%STRL FY2020: +8.9%STRL FY2021: +15.3%STRL FY2022: +25.1%STRL FY2023: +11.5%STRL FY2024: +7.3%STRL FY2025: +17.7%FY19FY20FY21FY22FY23FY24FY25
SLND -21.2%STRL +17.7%
Free cash flow
SLND FY2021: -$109.4MSLND FY2022: -$71MSLND FY2023: -$21.1MSLND FY2024: -$5.5MSLND FY2025: $12.7MSTRL FY2018: $26.3MSTRL FY2019: $26.7MSTRL FY2020: $90MSTRL FY2021: $112.3MSTRL FY2022: $158.2MSTRL FY2023: $414.2MSTRL FY2024: $416.2MSTRL FY2025: $362.7MFY18FY19FY20FY21FY22FY23FY24FY25
SLND $12.7MSTRL $362.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Southland and Sterling Infrastructure

Which is bigger by revenue, Southland or Sterling Infrastructure?

Sterling Infrastructure is bigger by revenue: $2.5B in fiscal 2025, against $772.2M for Southland in fiscal 2025.

Which keeps more of its revenue as profit, Southland or Sterling Infrastructure?

Southland had a net margin of -39.7% in fiscal 2025; Sterling Infrastructure had 11.7% in fiscal 2025.

Which grew revenue faster, Southland or Sterling Infrastructure?

In their latest fiscal years revenue changed by -21.2% at Southland and +17.7% at Sterling Infrastructure.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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